Median Family Income - Charts
What this chart shows: Increase in Median Family Income for 1990, 2000, & 2010 - United States, Colorado & Larimer County
*Rounded to the nearest 100
Data Source: United States Census Bureau, United States Department of Housing and Urban Development (HUD)
What these data tell us:
In 1990, 2000, and 2010, Larimer County's Median Family Income (MFI) was greater than both the United States and Colorado. Between 1990 and 2000, Larimer County's MFI increased 60% and then increased an additional 27% between 2000 and 2010.Calculators are available online to compare the cost of living among different communities. To illustrate, the 2010 Median Family Income in the Fort Collins/Loveland Metropolitan Statistical Area was $74,900. In Denver, a family would need $83,141 (11% more) to maintain the same standard of living.
What this chart shows: Median Family Income in Larimer County Cities & Towns, 1990 & 2000 Census
*Rounded to the nearest 100
Data Source: United States Census Bureau
What these data tell us:
Median Family Income (MFI) increased in the United States, Colorado and Larimer County between the 1990 and 2000 Census. In Larimer County cities and towns, there were some dramatic increases during that time. The Timnath-Wellington area (87%) and the town of Livermore (101%) had the largest increases in the County.What this chart shows: Median Family Income in Larimer County, 2002 - 2011
*HUD collects data for the Fort Collins/Loveland Metropolitan Statistical Area (MSA), which is used to represent Larimer County MFI in this chart.
Data Source: United States Department of Housing and Urban Development (HUD)
What these data tell us:
Larimer County Median Family Income increased by 26.2% in the period between 2002 and 2011. This was higher than Colorado's 18.9% growth and the nation's 18.0% growth for the same period.In 2007, Median Family Income (MFI) estimates were calculated differently from previous years. This was the first time that data gathered from the 2005 U.S. Census, American Community Survey (ACS) was used. The 2005 ACS covered more communities nationwide than previous ACS surveys. The 2007 estimate update factors differ from previous years' update factors in two ways:
- The 2007 estimates are based on local area ACS 2005 surveys for places with populations of 65,000 or more, where such surveys were taken. Previously, the Larimer County area was included in the Denver metropolitan/North Front Range MFI calculations.
- Estimates for all other areas now reflect the state-level change between the 2000 Census state and 2005 ACS state estimates, rather than being based on applying ACS changes (e.g., 2000-2004 for FY 2006 estimates) to 2000 Census estimates.
Comparisons among 2007 and previous years are not valid as indicators of changes in local median family income because of the differences in the underlying surveys. The recent decreases in MFI are not due to the change in methodology, however. The decreases may be a result of the loss of manufacturing jobs in the area within the last several years. From 2004 to 2008, manufacturing employment decreased by 18%, the largest decrease of all of the industrial sectors. The Manufacturing sector is one of the highest paying sectors that employ vocational labor, at an annual average salary of $67,912 in 2009. See Employment and Average Wages by Industry for more information about employment and wages in Larimer County. For more information on the methodology used to calculate the estimates, see HUD's Median Family Income Notice [pdf].
Data Tables:
Median Family Income - United States, Colorado and Larimer County
|
United States |
Colorado |
Larimer |
|
|
1990 |
$35,200 |
$35,900 |
$36,900 |
|
2000 |
$50,000 |
$55,900 |
$58,900 |
|
2010 |
$64,400 |
$71,000 |
$74,900 |
|
% Increase |
42% |
56% |
60% |
|
% Increase |
29% |
27% |
27% |
Median Family Income - Larimer County Cities & Towns
|
Berthoud |
Estes Park |
Fort Collins |
Livermore |
Loveland |
Timnath- |
|
|
1990 |
$42,400 |
$38,500 |
$37,200 |
$29,500 |
$36,100 |
$33,400 |
|
2000 |
$67,300 |
$60,200 |
$58,500 |
$59,300 |
$57,300 |
$62,600 |
|
% increase |
59% |
56% |
57% |
101% |
59% |
87% |
Median Family Income - United States, Colorado, & Larimer County
|
United States |
Colorado |
Larimer County |
|
|
2002 |
$54,400 |
$61,500 |
$60,800 |
|
2003 |
$56,500 |
$62,200 |
$64,800 |
|
2004 |
$57,500 |
$63,500 |
$66,500 |
|
2005 |
$58,000 |
$65,400 |
$69,200 |
|
2006 |
$59,600 |
$65,400 |
$68,600 |
|
2007 |
$59,000 |
$66,000 |
$68,200 |
|
2008 |
$61,500 |
$67,900 |
$75,000 |
|
2009 |
$64,000 |
$71,000 |
$75.200 |
|
2010 |
$64,600 |
$71,000 |
$74,900 |
|
2011 |
$64,200 |
$73,100 |
$76,700 |